JP Morgan’s Bitcoin conversion! Tomorrow may be too late

JP Morgan’ın Bitcoin dönüşümü! Yarın çok geç olabilir

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The remarkable Bitcoin transformation of JP Morgan, the giant bank in the global financial center. Details and technical data are here.

JP Morgan’s Bitcoin conversion! Tomorrow may be too late

Bitcoin has ever-growing potential since its launch. The leading cryptocurrency has changed the minds of many investors over the past 14 years. The retracement it is experiencing these days has us hearing the comments that Bitcoin is a bubble again.

It is a fact that the crypto market is volatile. However, when the market sees a correction, Bitcoin naysayers appear and make statements hinting that this is the end of the road for the cryptocurrency. Bitcoin has always managed to jump higher to date.

Related: Bitcoin Price Prediction

Where are the giant financial institutions involved in this transformation? JP Morgan is one of the largest financial institutions in the world. As of June 30, 2021, JPMorgan Chase is the world’s largest bank by market capitalization. The American investment bank, headquartered in New York, is known to control US$3.684 trillion. In 2013, JP Morgan declared that Bitcoin had no value. When we come to 2022, banking analysts explain that the current value is not the real value of Bitcoin, but its real value should be higher.

Giant financial institutions, as in the case of JP Morgan, could no longer listen to their customers’ demands and launched cryptocurrency services one after another. The staunch defenders of traditional finance and the old wolves of Wall Street still haven’t embraced the technology.

Bill Miller said “they’re old” when asked why Munger and Buffett don’t have Bitcoin. He supports Miller in the work done. Faster users of cryptocurrencies occupy a larger share of the younger population. It is certain that such talk will multiply in the future for Bitcoin and cryptocurrencies.

Bitcoin is trading at $30,662 according to data from Coinmarketcap at the time of writing. BTC gained 5% in the last 24 hours.

Related: Bitcoin Technical Analysis

Bitcoin (BTC) daily price movements

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